Questions and Answers of Essentials Business Law

Indicate whether the following statement is true or false.The purpose of the Uniform Commercial Code is to provide uniform laws for all states to regulate business transactions in the states.
Indicate whether the following statement is true or false.The kind of law that results when a court disregards an existing statute, an accepted precedent, or a principle of common law, or interprets
Indicate whether the following statement is true or false.Laws enacted by local governments such as a city council are often called ordinances.
Indicate whether the following statement is true or false.Statutes are laws passed by state and federal legislatures.
Indicate whether each of the following statements is true or false.The power of a court to determine whether laws enacted by legislatures or decisions made by lower courts violate the Constitution is
Indicate whether the following statement is true or false.Amendments to the federal Constitution require approval, or ratification, by a majority vote by Congress.
Indicate whether the following statement is true or false.In our country, the principles and ideals guarding our individual liberty and freedom are presented in the common law.

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